• Brokerages

    Studies In Broker Speak
    Fee-Based, Wraps, And Other Angels On Pinheads

    Yesterday we posted an item on the looming end of fee based brokerage accounts that involved some confusion about how brokerages use the term “wrap account.” We’ve since corrected the item by simply deleting the term “wrap account,” which our brokerage friends tell us is a specialized term that shouldn’t be used to refer to […]

    / Sep 25, 2007 at 11:31 AM
  • Brokerages

    The Strange Birth, Growth and Death of Fee Based Brokerage Accounts

    We’ve just begun the last week of fee-based brokerage-accounts. This spring a federal court struck down the rule allowing the accounts, requiring brokerages to shut down the programs by October 1st. The accounts were a popular choice with some brokerage customers, particularly those who traded frequently. Where traditional brokerage accounts charge per-transaction fees, the flat […]

    / Sep 24, 2007 at 3:15 PM

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